News from the Wire

AFS, Lending Point partner on BNPL solution

Thursday, August 04, 2022 — 14:06:06 (EDT)

SOUTHLAKE, TEXAS (August 1, 2022) — Agile Financial Systems, (“AFS”), a leading financial technology company specializing in payment processing, today announced that it has partnered with LendingPoint, an AI-driven CreditTech financial platform, to offer merchants consumer lending and unsecured personal loans online and at the point of sale. By enabling merchants to tap into the popular “Buy Now, Pay Later” (BNPL) financing with highly personalized lending solutions, AFS can maximize their revenue and improve customer retention with a seamless financial experience.

This partnership will offer AFS merchants and their consumers the flexible financing solutions to meet significant pay-over-time market demand, with access to customizable options available to qualifying consumers within seconds through LendingPoint with no impact to their credit score to apply.

LendingPoint leverages AI and technology to create better financial borrowing experiences, employing its AI CreditTech platform to understand the unique credit history of every applicant with near-instant decisioning. LendingPoint has seen steady profitable growth for seven consecutive quarters, projected to continue throughout 2022.

“Flexibility is key to the best interests of our merchant partners, and we know that they want the ability to offer flexible financial solutions to their own customers,” said Dustin Siner, chief revenue officer at AFS. “Our mission at AFS is to revolutionize the financial technology industry through innovative solutions created both in house, and through best-of-breed strategic partnerships. LendingPoint fits the mold of the innovative platforms AFS consistently strives to partner with, and we could not be more excited to promote broader financial inclusion through their promising loan and credit solutions tailored to satisfy consumer needs.”

Through the LendingPoint partnership, AFS merchants can expect to deliver loans to consumers online, through e-commerce platforms, at the point of sale, or any way that best meets their needs. With a simple digital application process, merchants instantly expand consumer purchasing power. “Loan offerings can open a lot of doors for businesses. In partnership with AFS, we can help merchants expand their reach and improve customer shopping experience with instant access to borrowing through our innovative technology,” said Joe Valeo, executive vice president, GM at LendingPoint. “We are proud to be working with AFS to help drive accelerated payment processing growth by removing the friction from borrowing.”

“LendingPoint has taken a bold yet seamless approach to borrowing that complements our vision of unlocking broader opportunities within the BNPL space,” said Corey Young, chief executive officer at AFS. “Leveraging an advanced technology and innovative lending system provides AFS partners and merchant clients with the tools they value to help their customers make purchases and pay for goods and services at their convenience.”

To learn more about Agile Financial Systems’ payment solutions and LendingPoint, please visit go-afs.com.

About Agile Financial Systems (“AFS”)

Agile Financial Systems (AFS) is an innovative financial technology company based in Southlake, TX revolutionizing the financial technology industry through all-encompassing payment processing solutions. AFS operates with the goal to provide omnichannel services and financial payment solutions to a variety of business owners. To learn more, visit go-afs.com.

About LendingPoint

LendingPoint is an AI-driven CreditTech platform that provides financing origination solutions to consumers, for ecommerce and point of sale partners, and lending institutions. The company’s fraud prevention, risk and asset management algorithms are used to create financing opportunities across the credit spectrum. Its LendingPoint Business Solutions platform provides ecommerce platforms, merchants, and other service providers fully integrated, one-stop financing solutions to convert more customers.

For the past three years, LendingPoint has been named to the Inc. 5000 list of fastest-growing private companies, ranking 17th in 2019. LendingPoint ranked on Deloitte’s Technology Fast 500 list in 2019 and 2020 and was honored as one of the top 40 fastest growing companies in Atlanta by the ACG in 2019, 2020 and 2021. LendingPoint also was named one of the 2021 Best Places to Work by the Atlanta Business Chronicle. LendingPoint is a privately held company headquartered in metro Atlanta, with offices in San Francisco, New York, Chicago, and Dallas. LendingPoint, LLC owns and operates the LendingPoint platform.

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Source: Company press release.